Good morning and welcome to Markets Desk, your morning read on what's moving money.
Starbucks heads into its October twenty-eighth earnings report under real pressure, with shares down more than ten percent over the past month. Bank of America is holding its position on the stock, but CEO Brian Niccol's turnaround strategy is drawing fresh scrutiny from Wall Street ahead of the print. Investors want proof the plan is working.
Shifting to crypto flows, Bitcoin ETFs logged their third consecutive week of net inflows, a signal that institutional appetite remains intact even as broader risk sentiment stays choppy. Ether ETFs told a different story, shedding one hundred thirty-eight million dollars in outflows over the same period, underscoring the divergence between the two flagship digital assets.
On the infrastructure side, Kraken's parent company has partnered with Singapore Gulf Bank to offer twenty-four-seven US dollar settlement for select institutions across Asia and the Gulf region. The arrangement runs through SGB Net and is designed to eliminate the friction of traditional settlement windows, a meaningful step toward round-the-clock institutional liquidity in those corridors.
That's the tape. Markets Desk, signing off the floor.
